The Asia Pacific E-Commerce Market
Major markets: Japan, South Korea and Australia
Emerging markets: China and India
Major payment methods
- The Chinese and South Korean markets primarily use local cards, payment methods based on cash or bank accounts: Cash on Delivery, EFT , Konbini (Japan) or Post payments to name a few.
- Australia is very card-centric but also uses bank-supported alternatives such as BPAY.
- Emerging payment methods include international card, different forms of mobile payment forms and local online payment solutions such as AliPay in China.
Challenges and Netgiro’s response
- Preponderance of local payments — We make sure that local payment are handled smoothly, regardless of currency, language or the bank that supports the payment.
- Variety — Different currencies, payments and languages create a complicated mix. Netgiro standardizes everything to simplify back office tracking and reconciliation.
- Fraud concerns: The variety of payment methods equals a variety of fraud concerns. Netgiro helps our clients address the risk broadly as well as fraud associated with individual payment methods.
Does your Asia Pacific program offer the right mix of local payment methods?
Contact us to discuss your current program or for a program bid.